Why?
Price has reached the EMA 26. I assume that the price should move either up or down with volatility.
Also, I have S50M23C975 for 5 contracts.
Long S50M23P925 OTM 5 contracts.
Price has reached the EMA 26. I assume that the price should move either up or down with volatility.
Also, I have S50M23C975 for 5 contracts.
Long S50M23P925 OTM 5 contracts.
Trade active
Long open S50M23P925 OTM @ 12.8 # 5 contracts.Set target profit @ 12.8 + 0.2 + 12.2 = 25.2 to create a risk-free call option at 975.
Trade closed: target reached
Short close S50M23P925 @ 25.2 # 5 S50M23C975 # 5 contracts are now risk-free trade.
Note
Next action:wait for the price to touch EMA 26 and trade the volatility strategy again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.